Privatemitterade Stablecoins utgör större risk än Bitcoin, säger ECB

ECB: s president Christine Lagarde säger att stablecoins utgör en större risk än bitcoin.

Lagarde är särskilt bekymrad över „big tech“ stablecoin-insatser

En digital euro skulle bidra till att bevara den europeiska monetära suveräniteten inför en sådan konkurrens.

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Trust Project är ett internationellt konsortium av nyhetsorganisationer som bygger standarder för transparens.

Christine Lagarde har identifierat stablecoins som representerar en större risk för finansiell stabilitet och EU: s monetära suveränitet än kryptovalutor som bitcoin.

Europeiska centralbankens (ECB) ordförande säger att volatila priser och brist på likviditet gör Bitcoin Loophole och andra digitala tillgångar dåligt lämpade för användning som pengar.

Lagarde vill också fortsätta med ECB: s digitala euro. Hon hävdar att en sådan centralbank-utfärdad digital valuta (CBDC) skulle bidra till att skydda EU: s monetära suveränitet.

Lagarde säger att Stablecoins som utfärdas privat utgör särskilda risker

Christine Lagarde tror inte att bitcoin och andra fasta tillgångar digitala tillgångar utgör ett särskilt hot mot den ekonomiska situationen i Europa.

Att skriva för tidningen L’ENA hors les murs , det uppgav ECB: s ordförande att cryptocurrencies som Bitcoin inte ”uppfyller alla funktioner av pengar.”

Hon identifierade deras brist på prisstabilitet, liksom det „bristfälliga konceptet att det inte finns någon identifierbar emittent“ som hinder som hindrar antagandet av sådana digitala valutor.

Privatutgivna stablecoins, särskilt de som stöds av „big techs“, utgör dock „allvarliga risker.“ Även om det inte uttryckligen nämns är det troligtvis att Lagarde specifikt hänvisar till Facebooks Vågen .

Den stablecoin Projektet lockade enorma granskning när nätbolaget social meddelade det förra året.

Lagarde uppgav att digitala valutor med fasta priser hotar EU: s „konkurrenskraft och tekniska autonomi“. Hon tillade också att stora tekniska insatser för att skapa digitala valutor väcker den viktiga frågan om dataskydd.

BeInCrypto rapporterade förra veckan om en stor tysk banks förutsägelse om att Bitcoins starka marknadsvärde skulle pressa ECB att lansera sin digitala euro.

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The Facebook Coin Libra is being renamed

Facebook gives its Stablecoin Libra a new name

As far as the planned launch of Libra is concerned, Facebook is rather behind schedule. Now the child has been unceremoniously renamed. Libra is now called Diem and will also receive a slightly different strategy.

According to a press release, Facebook’s planned Stablecoin will now have a different name. According to the Libra Association, the crypto-currency will henceforth be called „Diem“. To complete the picture of a new dawn, the associated organisation will henceforth be called Diem Association. Some personal details by Bitcoin Revolution have also changed in this breath. Stuart Levey will be the new CEO on 1 December.

The Diem project will enable […] consumers and businesses to make instant, low-cost and highly secure transactions. We are committed to doing this in a way that promotes financial inclusion by extending access to those who need it most.

Stuart Levey, CEO of the Diem Association

said Stuart Levey, CEO of the Diem Association.

It is clear that behind this realignment is Facebook’s aim to address regulatory concerns. Initially, Libra is to become a global stablecoin covered by different national currencies. After about one year of revision of the original idea, the Diem Association is now publishing a new concept paper explaining the changes to Libra’s original approach. According to the paper, Diem is no longer about a global currency, but about a global payment system and a global financial infrastructure.

There were already currency basket plans with Libra

The Association is thus responding to concerns expressed by many critical market observers. They had told Facebook that the monetary sovereignty of the Landesbanken could suffer if a large volume of domestic payments were to be made via the Libra Stablecoin. Therefore, Stablecoins in different national currencies are now also integrated. However, the exact composition of this basket of currencies has not yet been clarified. Each of these national currency specific stablecoins will be fully covered by a reserve in the form of fiat money or government bonds of the national currency concerned. This is not a new approach. David Marcus, head of the Libra Association, had already presented such plans at a meeting of the Group of 30 in Washington in late October.

As the experts Jonas Groß and Alexander Bechtel explained in an interview, a major advantage of the stablecoin specified by national currency is that the investor has the choice of which currency he wants to invest in. For transfers abroad – especially to countries with high inflation – the multi-currency-based coin is the better solution. But only if you have access to this multinational coin from a country whose currency is in the basket. This is not yet clear from the Facebook plans.

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USA „forget“ to seize R$ 2 million in Bitcoin forks

Coinfirm discovered that several Bitcoin forks have apparently been ignored by the US government, among the examples are the forks: Bitcoin Diamond (BCD), Super Bitcoin (SBTC) and Bitcoin Private (BTCP).

U.S. authorities have lost approximately $400,000 in Bitcoin forks in various wallets confiscated from criminals over the years. The report was released by the cryptomorphic analysis company Coinfirm.

The „lost“ values are composed of Bitcoin forks, i.e., Bitcoin-derived cryptomaps, such as Bitcoin Cash (BCH), and Bitcoin Satoshi Vision (BTCSV).

Over the years several people have cloned the Bitcoin blockchain to create new coins, so Bitcoin holders (before cloning) can sell the cloned coins.

Coinfirm has identified that most of the funds „forgotten“ by US authorities are from the confiscated portfolios of Silk Road (black market closed in 2013). The FBI announced that it confiscated $1 billion of the wallet last month, but no information on the derived coins was provided.

„Although the Justice Department has received praise for securing an individual’s large assets, the story doesn’t end there,“ he said, „Coinfirm has identified millions of dollars in assets that the Justice Department apparently left behind and to which the individual can still have access.

Coinfirm discovered that several Bitcoin forks have apparently been ignored by the U.S. government, examples of which include the Bitcoin Diamond (BCD), Super Bitcoin (SBTC) and Bitcoin Private (BTCP) forks.

To know if an old portfolio has funds in forks, just access the block explorer of the new currency and check the balance and movements.

Coinfirm estimates that the value of the portfolios adding all hardforks can reach $ 400,000. They are 693,701 BCD ($ 310,000), 69,370 SBTC ($ 66,000), and 69,370 BTCP (11,000).

The current holder of the portfolios and private keys may have access to the funds.

Coinfirm has helped authorities identify funds that were left to criminals. The company is one of the world leaders in tracking and tracing digital assets.

The company has found funds in 3 currencies, but currently there are at least 105 Bitcoin hardforks active. Most reach zero value with a short lifespan, but some projects manage to hold on for a while.

It is likely that the value that the U.S. government is leaving to confiscate is much higher than $ 400,000, since as reported by Livecoins, at least another 20 forks are traded above $ 100.

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Bitcoin exceeds $ 18,000 to continue its massive rally

BTC follows an ascending and parabolic support line.

Long term resistance can be found at $ 19,650.

Brackets can be found at $ 16,750 and $ 15,500

On November 18, the price of Bitcoin (BTC) peaked at $ 18,476 before dropping significantly. While it is not yet certain whether or not BTC has peaked, we expect a retracement to the support areas.

On November 17, Bitcoin (BTC) posted a massive rise, reaching a high of $ 17,680.

Price continued to rise the next day, but fell sharply after peaking at $ 18,476. However, he has already regained most of the losses from that fall.

Bitcoin is following a parabolic ascending support line, and it has not yet fallen below.

The RSI has generated bearish divergences, but the MACD has reversed and is found higher. The Stochastic Oscillator has yet to form a bearish cross.

The daily timescale shows that BTC has clearly broken above the 0.854 fibonacci retracement level of the earlier decline.

We get the next size resistance from the maximum high as of 2017, not far from $ 19,645

The hourly chart shows a massive bullish recovery candlestick after peaking at $ 18,476. Although BTC hit a low of $ 17,214 in the same hour, posting a decline of over 6%, it quickly recovered, trading at around $ 18,100 at the time of this article’s publication.

The MACD per hour is declining and the RSI per hour has generated bearish divergences, dropping the oversold region.

The Minute Chart presents a more bearish outlook. After its massive fall, the price moved back up to the $ 18,250 area, which initially served as support but has now converted to resistance. Although the BTC first deviated above this area, it then moved back below and then suffered a sharp decline.

Unless BTC manages to regain this area, the short-term trend is considered to be bearish.

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America comes up with clear guidelines to enforce rules around Bitcoin

William Barr, the US Secretary of Justice, has published the official guidelines for bitcoin markets. These relate, in particular, to the responsibilities that stock exchanges, for example, have in the industry.

The ‚Cyber-Digital Task Force‘ has compiled the guidelines. The official name for the rules is Cryptocurrency: An Enforcement Framework.


Documents and plans of this kind are mainly used by lawyers and policymakers at companies in the world of bitcoin. In a press release, the Ministry of Justice explains the new line further.

„The guidelines provide a comprehensive overview of emerging threats and enforcement challenges related to the growing influence and use of cryptocurrency!“


It is, in fact, America’s strategy with regard to enforcement of the rules surrounding trade in and around bitcoin.

The lengthy report itself includes 83 pages of content on crypto, its „legitimate uses,“ its „illicit uses,“ applicable regulating bodies, and a game plan going forward.


This announcement does not come out of the blue. Earlier this month there was striking news from America. BitMEX is one of the largest bitcoin derivatives exchanges in the world and they have been sued by the Commodity Futures Trading Commission (CFTC) and the Ministry of Justice.

BitMEX and the people behind the operation are said to have broken many US rules. Like many other countries in the world, America is trying to put the bitcoin industry in a legal straitjacket.


Barr says something striking in his statement about the rules: „Cryptrocurrency is a technology that can fundamentally change the way people interact with each other.“

The politician also says that it can possibly change the whole construction of a society. Of course, that has to be done according to the rules of the state.

Curious about how the rules work in the Netherlands? In the podcast below, we will discuss with Bitcoin Meester how they have handled their registration with the Nederlandsche Bank.

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Return date for 150,000 BTC from Mt. Gox hack is approaching

The deadline for submitting a rehabilitation plan for Mt Gox creditors is October 15, 2020.

Some believe that the repayment of 150,000 BTC and the resulting sale could have a negative effect on the Bitcoin market.

Others are dismissive, expecting the court to announce more delays and the repayment to be phased in over time

The Trust Project is an international consortium of news organizations based on transparency standards.

The deadline for submitting a rehabilitation plan for Mt. Gox creditors, set for October 15, 2020, is fast approaching. As such, speculation is growing about what this means for victims of the infamous hack and for the Bitcoin market itself is growing.

In a document released on June 30, the Tokyo District Court issued an order to extend until October 15 the deadline for submitting the rehabilitation plan in order to repay creditors.

After many years, dozens of trials and a plan to revive the exchange, the rehabilitation plan was put in place to compensate the victims. The court has extended this deadline many times before, but if it does not do so again, that is when it will become clear how and when creditors might expect to be repaid.

To date, more than 1,000 creditors have claimed more than 150,000 bitcoins , or about 15% of all funds lost in the hack. In a tweet published on October 5, the famous crypto investor „Mr. Whale expressed concerns about the implications of a refund:

On October 15, 2020, nearly 150,000 # Bitcoin’s are expected to be returned to customers who were victims of the 2013 Mt. Gox exchange hack.

Although this deadline has been pushed back many times, it is important to take into account the catastrophic impact it could have on the markets

Assuming a possible large-scale repayment, Mr Whale said: „If 150,000 BTC are sold in the market, it will lead to a sharp drop and fear will quickly spread to the markets.“ Considering the price increase since 2014, he concluded, “I guess once they get back, many will start taking profits with a return on investment above 2,600%.”

The tweet sparked debate, but no clear consensus. Some commentators doubted that a return would happen all at once, some predicted another delay, while others downplayed the issue by highlighting the cost of returned BTC relative to current trading volume.

In terms of selling pressure, 150,000 BTC at current prices is close to $ 1.5 billion. For reference, the trading volume as of October 4 was around $ 17 billion .

In the end, Mt. Gox’s creditors appear to have an even longer wait in store. In a letter posted on Reddit, a victim revealed that court correspondence discouraging people from participating in proceedings over COVID-19 proves further delays are imminent. The next creditors‘ meeting is scheduled for October 7 at the Tokyo District Court.

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18,5 Millionen aller Bitcoins wurden bereits abgebaut

Es ist deutlich geworden, dass Bitcoin, je knapper es wird, mehr Interesse auf sich gezogen hat!

Alle zehn Minuten wird Bitcoin zu einer knapper werdenden Währung, und das letzte Wochenende hat dies noch verstärkt. Da bereits 18,5 Millionen aller Bitcoins gefördert wurden, sind über 88 % aller Währungen ausgegeben worden.

Der Prozess der Erzeugung von Bitcoins wird heute von sehr spezifischen Maschinen durchgeführt. Mit diesen Maschinen werden neue digitale Münzen ausgegeben, seit Mai, als die letzte Halbierung stattfand, etwa 900 pro Tag.

Bei dieser Ausgabegeschwindigkeit wird Bitcoin mehr und mehr zum ersten knappen Gut des Internetzeitalters. Da es unmöglich ist, doppelte Münzen auszugeben, geht man davon aus, dass bis 2140 alle 100% von Bitcoin ausgegeben sein werden.

18,5 Millionen Bitcoins wurden bereits abgebaut, mehr als 88 % des Gesamtmaximums

Der erste Block von Bitcoin wurde im Januar 2009 geboren und von Satoshi Nakamoto, dem Gründer von Bitcoin, abgebaut. Damals betrug die Belohnung für das Auffinden einer gültigen Sperre im Währungsnetz 50 BTCs. Wenn man den heutigen Preis von Bitcoin in Betracht zieht, würde eine Belohnung in dieser Größenordnung mehr als 3 Millionen R$ (1,5 Millionen US$) ausmachen.

Dieser Prozess, der auch als Bergbau bezeichnet wird, ist für die Schaffung neuer Währungen verantwortlich. Als Satoshi Bitcoin schuf, legte er jedoch ein Limit für die Ausgabe neuer Münzen fest: maximal 21 Millionen!

Um diese Münzen dann auszugeben, wetteifern am Netzwerk interessierte Nutzer um Blöcke. Jeder Block hat eine durchschnittliche Validierungsrate von 10 Minuten. Mit der Zeit sinkt jedoch die Belohnung pro Block um die Hälfte.

Dieser Prozess wird als Halbierung bezeichnet und verlangsamt die Ausgabe neuer Münzen. Derzeit gibt es etwa 900 Münzen pro Tag, wobei alle 10 Minuten 6,25 BTCs ausgegeben werden.

Doch am vergangenen Wochenende wurde mit der Bitcoin die 18,5-millionste Währung abgebaut. Somit dürften bis zum Ende des Prozesses, der heute im Jahr 2140 enden soll, weniger als 2,5 Millionen zur Verfügung stehen.

Der Bitcoin-Abbauprozess hatte einen Verbrauch, der dem Kolumbiens entspricht

Gegenwärtig, da der Bergbau eine zunehmend umstrittene Tätigkeit ist, werden auch die Energieausgaben weiterhin analysiert. Denn mit einem Verbrauch von 70 Terawattstunden entspricht er bereits dem Verbrauch in Kolumbien, das eine geschätzte Bevölkerung von 50 Millionen Menschen hat.

Dennoch hat die Universität Cambridge letzte Woche eine für den Sektor wichtige Studie gestartet. Der Umfrage zufolge gibt es heute weltweit etwa 100 Millionen Benutzer von Kryptomorphen.

Hinzu kommt, dass nur 39 Prozent des heutigen Bergbaus aus erneuerbaren Quellen stammen. Allerdings gaben 76 Prozent der Bergleute an, dass sie als Teil des Systems irgendeine Form von erneuerbarer Energie nutzen.

Schließlich ist es erwähnenswert, dass Bitcoin am 18. September einen neuen Rekord bei der Hash-Rate erreicht hat. Dies ist der Maßstab, der das Sicherheitsniveau des Bitcoin-Netzwerks definiert, d.h. je höher, desto besser.

Damit sie zunehmen kann, ist mehr Rechenaktivität im Bitcoin-Netzwerk erforderlich, d.h. mehr Bergbau. Es ist also klar, dass Bitcoin mit zunehmender Knappheit mehr Interesse auf sich gezogen hat.

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Szwajcarski kanton pozwoli swoim obywatelom płacić podatki w Bitcoin i Ether od 2021 roku

Siedziba Crypto Valley, Szwajcaria będzie akceptować kryptowaluty do płatności podatków do kwoty 100000 franków szwajcarskich (109 670 USD) od przyszłego roku.

Szwajcarski kanton Zug zacznie zezwalać ludziom na płacenie podatków w Bitcoin i Ether od 2021 roku, zgodnie z oficjalnym oświadczeniem

„Rozliczenie podatku za pomocą kryptowaluty będzie dostępne zarówno dla firm, jak i osób prywatnych do kwoty 100 000 franków szwajcarskich (109 670 USD)”.

Region ten, będący siedzibą firm kryptograficznych, funduszy hedgingowych i handlarzy towarami, liczy około 127 000 osób i będzie współpracował z brokerem Bitcoin Suisse AG z siedzibą w Zug , który konwertuje walutę cyfrową na lokalną walutę, franki i przekazuje kwotę do stanu .

Zug nie jest nowy w akceptowaniu walut cyfrowych; w 2016 roku płatności bitcoin były akceptowane w przypadku niektórych usług rządowych. Dyrektor finansowy Heinz Tännler powiedział:

„Jako siedziba Crypto Valley, ważne jest dla nas dalsze promowanie i upraszczanie korzystania z kryptowalut w życiu codziennym. Będąc w stanie spłacać długi podatkowe za pomocą Bitcoin Billionaire lub Ether, robimy duży krok w tym kierunku. ”

Znane z niskich podatków korporacyjnych firmy kryptowalutowe w Szwajcarii zyskały dużą popularność dzięki korzystnym przepisom

„Każdemu zależy na rynku o wartości 0,5 biliona dolarów” – powiedział Niklas Nikolajsen, założyciel i prezes Bitcoin Suisse, który jako pierwszy zaczął kupować BTC, gdy były one warte mniej niż 1 USD.

„Nie ma już prawie nic kontrowersyjnego w handlu Bitcoinem. To jest całkowicie mainstreamowe. ”

Bitcoin Suisse, który w zeszłym roku osiągnął zysk w wysokości 2,4 miliona franków i dochód w wysokości 20,9 miliona franków, niedawno wystąpił o szwajcarskie i europejskie licencje bankowe . Dzięki tej licencji firma mogłaby skupić się głównie na Niemczech, podczas gdy jej główna baza klientów znajduje się również w Szwajcarii i Skandynawii.

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The USD has „more room to fall“; 5 things to keep in mind about Bitcoin this week

Bitcoin (BTC) is headed for a bullish start for another week of trading after retreating to reach USD 11,700.

Cointelegraph takes a look at five things that could shape price performance in the coming days after BTC/USD saw little impact on futures and Fed settlements last week.

Jameson Lopp warns people not to take opinions on social networks so literally

Stocks rose to higher levels
In a classic continuation of the horrifying post-coronavirus configuration, the stock markets are headed even higher on Monday.

Despite the difficulties they face many after months of sporadic coronavirus quarantines and associated economic difficulties, large-cap stocks worldwide show no signs of falling.

The Dow Jones made rapid progress before moving slightly towards the end of the trade, with a 0.5% rise in the day. In the United States, S&P 500 futures also rose modestly by 0.3% at the close of this edition.

Progress comes as geopolitical tensions also rise; the US and China are discussing issues such as the forced sale of the social networking platform TikTok, planned by Washington.

Speaking with Bloomberg, however, one analyst sounded more like a Bitcoin bull when describing the stock picture.

„I don’t see what’s going to change people’s perspective on why we should stop buying,“ Randy Frederick, vice president of trading and derivatives for U.S. financial services giant Charles Schwab, told the publication Saturday.

DeFi-mania continues: total value blocked reaches USD 9 billion

Dollar index rebounds after recent drop
After most of the macroeconomic assets suffered losses in the Fed’s speech on Thursday, Bitcoin has made a remarkable change, however. Since the speech, the BTC/USD has risen more than 4.2%.

The same goes for gold, which also recovered over the weekend. Interestingly, the DXY, which reached its two-year lows after Thursday, has also recovered. Analysts continue to observe an inverse correlation between the two assets.

At the time of this edition, Bitcoin was at around USD 11,600, after reaching USD 11,720 in an early morning rally. Despite the widespread momentum following the Fed’s release, the consensus among Bitcoin commentators remains that long-term policy will drive interest in hedging against the dollar.

„Powell’s speech is as much about jobs as it is about inflation. The Federal Reserve wants full and healthy jobs and is expanding the way it looks at them,“ wrote Mike Novogratz, CEO of Galaxy Digital.

„Inflation will be tolerated in order to achieve these goals. Bullish on gold. Bullish on BTC.“

If the DXY stock continues its inverse relationship with Bitcoin, the major cryptomone may receive an additional boost sooner rather than later.

„The dollar has much more room to fall than most people realize,“ summed up gold optimist Peter Schiff, pointing to another Bloomberg article in which investment company Pimco warned that the dollar’s decline was beginning.

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Polkadot lanceert Testnet voor Sharding Cross-Communication

Polkadot brengt een testnet uit dat speciaal is ontworpen voor de uitvoering van het sharding.

Het Polkadot (DOT) project heeft een testnet gelanceerd om de geplande sharing-implementatie te evalueren op basis van parachines.

Het belangrijkste onderdeel dat shards scheidt van de vele onafhankelijke blokkades is communicatie. Shards moeten in staat zijn om te communiceren met hun collega’s om cross-shard token transfers en andere vormen van interoperabiliteit mogelijk te maken.

Het nieuwe testnet, Rococo genaamd, is speciaal ontworpen om de inter-shard communicatieprotocollen van Polkadot te testen. Het werd uitgebracht op 4 augustus en geplaagd door Pariteitsontwikkelaar Bastian Köcher.

Bij de lancering zullen drie afzonderlijke parachines, genaamd tick, trick en track, beschikbaar zijn. De ontwikkelaars zullen ook hun eigen parachines kunnen toevoegen. Het netwerk is gebaseerd op een consensusalgoritme dat bekend staat als Proof-of-Authority, wat in wezen een vorm van vertrouwde consensus is die een adminsleutel bevat. Dit mechanisme is gekozen omdat consensus niet zo belangrijk is voor de huidige doeleinden van het testnet.

Bij de lancering ondersteunt Rococo Horizontal Message Passing – een manier om berichten te versturen en dus tokens tussen de parachines door te gaan door de Relay Chain. Dit heeft een soortgelijk doel als Bitcoin Up Beacon Chain.

Het uiteindelijke doel van Polkadot is om Cross-Chain Message Passing te implementeren, waardoor het gebruik van de relaisketen voor het doorgeven van berichten wordt vermeden en er dus sneller en directer gecommuniceerd kan worden.

Het Rococo testnet is een belangrijke mijlpaal in de volledige uitrol van Polkadot, aangezien de blokkades momenteel grotendeels geïsoleerd zijn. Ontwikkelaars waarschuwden dat het systeem nog niet helemaal stabiel is en zullen later worden geüpdatet met nieuwe code om zich geleidelijk aan voor te bereiden op een mainnet release.

Dit volgt op de mainnet release van Polkadot in juli, zij het met enigszins beperkte functionaliteit.

Projecten die voortbouwen op Substraat

De architectuur van Polkadot is gebaseerd op het concept van de parachutes, die onafhankelijk zijn, maar elkaar wel onderling verbindende blokkades. Parachines zijn zelf gebaseerd op Substrate, wat een bouwkundig raamwerk is dat de softwarematige basis vormt voor parachines. Substrate-based blockchains kunnen ook in stand-alone modus worden gebruikt, maar een framework genaamd Cumulus maakt het zeer eenvoudig om ze te integreren in Polkadot.

Tot nu toe bouwen veel projecten voort op Substrate als voorbereiding op de uiteindelijke lancering van het netwerk.

Cointelegraph rapporteerde onlangs over een DeFi-project genaamd Stafi dat vloeibare IOU’s creëert op basis van staked tokens.

Andere projecten zijn een Bitcoin-to-Polkadot-brug, Chainlink, Celer Network en vele andere.

Het project is ook druk bezig om nieuwe ontwikkelaars in het ecosysteem te brengen dankzij een samenwerking met Gitcoin.

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